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PitchBook Analyst Note: Private Wealth Unlocks New Growth for Venture Capital

Q4 2024

PitchBook Analyst Note: Private Wealth Unlocks New Growth for Venture Capital

November 21, 2024

Private wealth unlocks new frontier for VC 

There is a silver lining hiding in plain sight stemming from venture capital’s “extended stalemate,” according to our latest analyst note: a prime opportunity to buy low. 

High-net-worth individuals have about $450 trillion at their disposal. They are expected to plow more than $7 trillion into private markets by 2033. 

The rise of the secondary market for startup shares demonstrates significant demand from private wealth. And leading VC firms like Sequoia Capital and Andreessen Horowitz are already changing their approach to tap this market.


Table of contents
Key takeaways 1
Current state of venture 2
Democratization of VC 5
Case study: Sequoia and Andreessen Horowitz 7
Case study: StepStone 8
Case study: ARK and SoFi 10
Opportunities for private wealth investors 11